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Vince McMahon buying TNA?

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John The Baptist View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote John The Baptist Quote  Post ReplyReply Direct Link To This Post Topic: Vince McMahon buying TNA?
    Posted: 01/May/2011 at 21:35
Quote Source: PW Torch

"During WWE's annual shareholders meeting on Friday, WWE CEO Vince McMahon briefly addressed a question on whether he'll consider buying out TNA.

"I don't know that they're for sale," McMahon said in a non-committal fashion. After a long pause as the shareholder asking the question pressed McMahon to give an answer, McMahon added, "Maybe."

The exchange at the end of the conference call was as follows:

Shareholder: When are you going to buy that three-letter company that's based in Nashville, Tenn., because they have the wrong people in charge of that company. Please save the business from Dixie Carter. (McMahon lightly laughs) Stephanie McMahon has more brains than Dixie Carter. (McMahon: Ooh.) I think if you buy it now, there's a shot at fixing that company up because I know you'll put the right people in charge of that company.

McMahon: I'm (long pause) - I don't know that they're for sale.

Shareholder: They're not for sale now, but I'm sure if you offered them something - I don't know, it's a 50/50 shot.

McMahon: Well - (deep groan) Maybe.

The exchange was removed from discussion earlier in the conference about WWE looking to acquire entertainment properties that fit their business model as part of the "New WWE" initiative, which TNA would fit into.

WWE said their goal is to find related content companies and "literally put them through the WWE system to create new revenue (for WWE)." WWE said the long-term goal is to acquire companies related to their content to grow the core business, which is creating content.



Thread title is misleading, I know.

The concept of WWE owning and operating another wrestling company completely seperately from their brand is an interesting one. It allows them to tap into other fan bases or try new things without making changes to their bread and butter.

Of course they'd inevitably do crossovers or talent exchange, but keeping the products mostly seperate in name and direction would be very interesting.

That's the concept I gathered from the "acquire new entertainment properties" bit. They could own and operate anything from another wrestling promotion, to an MMA league, or whatever else, and keep the WWE name mostly off of it directly.

That's something I think Vince has a hard time doing though. Whether it be WWE films, XFL or the bodybuilding federation, all those outside endeavors were ultimately promoted all over the main product and were laced with references and branding that called attention to them being part of the WWF/E. And in every case I think that's something that ultimately hurt them.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Rob Franklin Quote  Post ReplyReply Direct Link To This Post Posted: 01/May/2011 at 21:41
They wouldn't sell to Vince unless they were in financial trouble, and even then I don't know if they would.

It would suck, though. As shit as TNA is, it's better than a McMahon Monopoly.

I'd rather ask Paul Heyman to buy it. OR maybe somebody like Trump.

Seriously, Trump likes wrestling, he has the cash, he seems bored, he has kids that all have money, all seem to at least tolerate pro wrestling, why not give it a shot?

As long as he put the right people in charge of the wrestling side of things.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote The Pain Train Quote  Post ReplyReply Direct Link To This Post Posted: 01/May/2011 at 22:29
Yes yes yes A Million Times YES!
 
It breaks my heart to see a company with so much potential suffer in squalor.
 
A company WWE's size could allow them to tour NATION-WIDE with shows and live events, immediatly boosting exposure and sales.
 
WWE Creative has issues, but they're MILES ahead of Russo, Inc.
 
And let's not forget the potential of cross-overs. A TNA invasion led by WWE Cast-offs looking for revenge, fronting an army of fresh non-WWE talent eager for a better picture. Or a WWE invasion, looking to silence the smaller company before it grows.
 
The possibilities are limitless!
 
Look, I'd love for Heyman to take charge as well, but if this comes first... you will hear no complaints from my end.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote suburbanpsychopathic Quote  Post ReplyReply Direct Link To This Post Posted: 02/May/2011 at 00:04
the idea of another monopoly is a horrible thought. The business is always better with two seperate organizations, remember when vince brought back ECW, it sucked because he tried to make ECW fit into the WWE mold.  EPIC FAIL!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Raven Quote  Post ReplyReply Direct Link To This Post Posted: 02/May/2011 at 00:40
... Which is why the shareholder bought up running it separate to WWE, targeting a different audience.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Rob Franklin Quote  Post ReplyReply Direct Link To This Post Posted: 02/May/2011 at 00:42
Anyway, this shareholder is a badass, especially with that Stephanie comment. Good to know people like that are holding shares in WWE.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote thundarr2000 Quote  Post ReplyReply Direct Link To This Post Posted: 02/May/2011 at 05:55
I want to know who had the balls to ask this of McMahon.
 
I know there had once been a plan to run WCW like a seperate company when it was about to be purchased.  Then AOL-Time-Warner-Turner said they were killing the WCW TV deal.
 
As much as I don't want to see McMahon expand his near-monopoly of the industry.  I find TNA to be in horrible condition these days.  With their buidling legal troubles, a patient McMahon could possibly pick up the company for a reasonable price.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote suburbanpsychopathic Quote  Post ReplyReply Direct Link To This Post Posted: 02/May/2011 at 05:58
Originally posted by Raven Raven wrote:

... Which is why the shareholder bought up running it separate to WWE, targeting a different audience.
        you know as well as i do that if vince bought TNA and put it on his new network, it would be forced to go PG
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Raven Quote  Post ReplyReply Direct Link To This Post Posted: 02/May/2011 at 06:10
Not necessarily. Vince McMahon is a better businessman than you apparently give him credit for. For a start, the stated aim of their new initiative is to expand by acquiring various products related to what they do now, but slightly different. Second, I'm sure he's aware that having a network where every show is exactly the same is the most retarded thing anybody could ever do.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote thundarr2000 Quote  Post ReplyReply Direct Link To This Post Posted: 02/May/2011 at 06:21
Just remember, if Vince did buy TNA... they could finally change the name to WCW.
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